AUSTRALIAN TAX TREATIES

Turkish Convention  

CONVENTION BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF THE REPUBLIC OF TURKEY FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME AND THE PREVENTION OF FISCAL EVASION  

ARTICLE 18   Pensions and Annuities  

1.  
Subject to the provisions of paragraph 2 of Article 19, pensions, annuities and similar periodic remuneration, paid to a resident of a Contracting State shall be taxable only in that State.

2.  
The term " annuity " means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money ' s worth.

3.  
Subject to the provisions of paragraph 2 of Article 19, lump sums in lieu of the right to receive a pension, annuity or other similar periodic remuneration, paid to a resident of a Contracting State shall be taxable only in that State. However, such lump sums (other than an amount paid under a pension scheme to a member of that scheme who is aged 60 years or more) may also be taxed in the other State if they arise in that other State.

4.  
Any alimony or other maintenance payment arising in a Contracting State and paid to a resident of the other Contracting State shall be taxable only in the first-mentioned State.




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